November 03, 2022
The latest Kaufman Hall snapshot highlights hospitals’ financial strain, with operating margins remaining in the red for the ninth consecutive month during September.
Hospitals faced a persistent mix of challenges, with higher patient acuity, workforce shortages, and declining revenue contributing to one of the “worst financial years,” the health care analyst noted.
“Heading into the final quarter of the year, hospitals and physician practices have had little reprieve during a very difficult 2022 from a financial perspective,” said Erik Swanson, a senior vice president of Data and Analytics with Kaufman Hall.
Here's what you need to know:
HAP continues to advocate for resources to ensure hospitals remain anchors within their communities. Throughout the commonwealth, hospitals play a vital role in their communities, generating a $168 billion economic impact in Pennsylvania.
The National Hospital Flash Report, as well as an accompanying Physician Flash Report, is available to review online.
Tags: Workforce | Access to Care
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